2022
Flag  
GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP
$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 140 / 186
2022
Flag
GDP PC 
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC
$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH
3.21%CURRENT US$
Rnk 134 / 186

About

Philippines-Azerbaijan Trade: In 2022, Philippines exported $4.47M to Azerbaijan. The main products that Philippines exported to Azerbaijan were Office Machine Parts ($1.92M), Packaged Medicaments ($706k), and Blank Audio Media ($393k). Over the past 5 years the exports of Philippines to Azerbaijan have increased at an annualized rate of 18%, from $1.96M in 2017 to $4.47M in 2022.

In 2022, Philippines did not export any services to Azerbaijan.

Azerbaijan-Philippines Trade: In 2022, Azerbaijan exported $40.6k to Philippines. The main products that Azerbaijan exported to Philippines were Navigation Equipment ($22.5k), Refined Petroleum ($15.6k), and Other Plastic Products ($1.23k). Over the past 5 years the exports of Azerbaijan to Philippines have increased at an annualized rate of 12.1%,  from $22.9k in 2017 to $40.6k in 2022.

In 2022, Azerbaijan did not export any services to Philippines.

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $4.47M to Azerbaijan. The main products exported from Philippines to Azerbaijan were Office Machine Parts ($1.92M), Packaged Medicaments ($706k), and Blank Audio Media ($393k). During the last 5 years the exports of Philippines to Azerbaijan have increased at an annualized rate of 18%, from $1.96M in 2017 to $4.47M in 2022.

In 2017, Azerbaijan exported $40.6k to Philippines. The main products exported from Azerbaijan to Philippines were Navigation Equipment ($22.5k), Refined Petroleum ($15.6k), and Other Plastic Products ($1.23k). During the last 5 years the exports of Azerbaijan to Philippines have increased at an annualized rate of 12.1%, from $22.9k in 2022 to $40.6k in 2017.

Exports from Philippines (Flag) to Azerbaijan (Flag) (2022)

Exports from Azerbaijan (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
Azerbaijan
Top Destination
Italy$18.3B

This map shows whether countries import more from Philippines or Azerbaijan. Each country is colored based on the difference in imports they receive from Philippines and Azerbaijan or the difference in the growth in imports.

In 2022, countries that imported more from Philippines than Azerbaijan included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

In 2022, countries that imported more from Azerbaijan than Philippines included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

Difference in imports from Azerbaijan (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - Azerbaijan

Flow
Scale

This chart compares trade between Philippines and Azerbaijan by product, considering products traded by both, Philippines and Azerbaijan.

During 2022, Philippines had a large net trade with Azerbaijan in the exports of Machines ($3.07M), Chemical Products ($852k), and Instruments ($175k).

During 2017, Azerbaijan had a large net trade with Philippines in the exports of Machines ($22.6k), Mineral Products ($15.6k), and Plastics and Rubbers ($1.23k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Azerbaijan+$1.21MIndustrial Printers
Top Product Potential Azerbaijan Philippines+$202kRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Philippines and Azerbaijan. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Philippines.

Product Space of Philippines (Flag) and Azerbaijan (Flag) (2022)

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